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MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
NATURAL GAS
European natural gas storage is up to 95.42% full on 30 Sep according to GIE data with injections up closer to normal rates in recent days and compared to the five year average of 87.4%.
- Net injection rates had dropped to almost nothing at the peak of the Norwegian maintenance season in mid September but have since recovered back to around 18.9% below the five year average last week. Net injections averaged about 1,656GWh/d in the week to 30 Sep compared to the five year average for the period of just over 2,040GWh/d.
- Nearly all 18 EU AGSI reporting countries have reached the EUA pre winter target of 90% full storage. Storage in Germany is at 243.2Wh (95.7% full), Italy is at 188.1TWh (96.3%), Netherlands at 137.15TWh (96.3%), France at 125.5Wh (92.7%) and Austria at 92.3TWh (94.5%).
- Ukraine storage is up to 37.19% full with foreign companies storing natural gas in the country this summer as EU stores near capacity.
- TTF NOV 23 down -2.1% at 41€/MWh
- TTF Q1 24 down -1.1% at 46.99€/MWh
- TTF SUM 24 down -0.4% at 46.1€/MWh
Source: GIE / Bloomberg
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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